Category: Financial Digest
JLL completes sale and financing of
Hopkinton office and data center asset
May 10, 2024
Hopkinton, MA JLL Capital Markets has completed the sale and financing of 117 South St., a two-story office and data center building totaling 56,324 s/f. Details of the sale and financing were not disclosed. JLL marketed the property on behalf of a confidential seller, and procured the buyer, Rhino
Colliers arranges $52.75 million in financing for
Oliver Street Capital and Bain Capital Real Es...
May 10, 2024
Peabody, MA Colliers has arranged the $52.75 million refinancing of 140 Summit St., a headquarters warehouse and distribution facility in Centennial Park. The Colliers team, led by executive vice president John Broderick and vice president Patrick Boyle, worked on behalf of their client Oliver Street Capital and Bain Capital Real Estate
MassHousing provides $50 million in financing
for Clarendon Hill Towers
May 10, 2024
Somerville, MA MassHousing has provided $50 million in financing for Clarendon Hill Towers, a 501-unit apartment property. Residents will benefit from preserved affordable rents and $13 million in property improvements. Connolly & Partners, LLC, and the Clarendon Hill Towers Tenant Association
M&T Realty appoints Newton as managing director
May 10, 2024
Boston, MA M&T Realty Capital Corporation has appointed Matt Newton as managing director. Newton joins the production team and will handle nationwide loan origination using various capital sources, including agency, FHA, life companies, debt funds, and M&T Bank capabilities.
Rockland Trust provides financing for two
developments totaling $16.1 million
May 10, 2024
>Fall River, MA Hajjar Management has secured $10.6 million in financing from Rockland Trust for the redevelopment of the 151-year-old Sacred Heart Church and rectory. The former 37,850 s/f church and rectory, located at 160 Linden St., will be converted into 46 market-rate apartments.
Real Estate Finance Association
jumps into a busy spring
April 12, 2024
Boston, MA Last month the REFA Innovation Committee hosted an exclusive tour of Suffolk Technology on March 19th. The tour group heard from the vice president of platform, Parker Mundt, about Suffolk’s commitment to leveraging technology and creativity
MassDev. issues $39.9m tax-exempt bond to 32 Marion Apts. LLC - Eastern Bank and Rockland Trust purc...
April 12, 2024
Brookline, MA MassDevelopment has issued a $39.9 million tax-exempt bond on behalf of 32 Marion Apartments LLC, an affiliate of Brookline Housing Authority, which will use proceeds to build 115 units of affordable housing for seniors and individuals with disabilities in the Coolidge Corner
Essex Financial’s Furgueson, LaRiviere, Nolan, Tait, and Sullivan named to 2024 Forbes list
April 12, 2024
Essex, CT According to Essex Financial, Tim Furgueson, Michael LaRiviere, Kevin Nolan, Bill Tait, and James Sullivan have been selected to the 2024 Forbes Best-in-State Wealth Advisors list, which honors top performing wealth management and financial planning advisors in each state.
Worth Avenue Capital, LLC closes $4.2 million commercial loan to home builder and developer in Green...
April 12, 2024
Greenwich, CT Worth Avenue Capital, LLC (WAC) has closed a $4.2 million commercial loan to a luxury home builder and developer that specializes in the construction and renovation of existing homes in town. The loan proceeds were used to purchase adjoining properties on Locust St.
Eastern Bank adds DPV Transportation as a commercial banking customer
April 12, 2024
Boston, MA According to Eastern Bank, global ground transportation company DPV Transportation, Inc. (DPV) is the bank’s newest commercial banking customer. Headquartered in Everett, Mass., DPV is one of the largest certified minority-owned ground transportation businesses in New England
Bank Rhode Island finances construction
of The One Ten apartment project
April 12, 2024
North Kingstown, RI Bank Rhode Island’s (BankRI) commercial real estate division has financed the construction of a new luxury apartment building. The building will be branded The One Ten and the project is already in progress. It is the latest development of Moran Properties and represents the final phase of the Saw Mill Square
JPMorgan Chase hires Fauth to support Community Development Banking
April 12, 2024
Boston, MA As part of JPMorgan Chase’s commitment to expanding its market presence, the firm hired Jennifer Fauth to support Community Development Banking (CDB). In her new role, Fauth will manage the delivery of affordable housing and banking products to clients across New England.
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